PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DFNG.L vs. VUKG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFNG.L vs. VUKG.L

Last updated Jun 13, 2026

DFNG.L (VanEck Defense ETF A USD Acc GBP) and VUKG.L (Vanguard FTSE 100 UCITS ETF (GBP) Accumulating) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while VUKG.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 3 years, DFNG.L returned 37.60%/yr vs 18.02%/yr for VUKG.L. At a 0.36 correlation, their price movements are largely independent. DFNG.L charges 0.55%/yr vs 0.09%/yr for VUKG.L.

Performance

DFNG.L vs. VUKG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Defense ETF A USD Acc GBP (DFNG.L) and Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DFNG.L achieves a 1.28% return, which is significantly lower than VUKG.L's 6.61% return.

DFNG.L

1D
0.00%
1M
-0.58%
YTD
1.28%
6M
2.03%
1Y
12.40%
3Y*
37.60%
5Y*
—
10Y*
—

VUKG.L

1D
1.55%
1M
1.11%
YTD
6.61%
6M
9.80%
1Y
21.78%
3Y*
18.02%
5Y*
15.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFNG.L vs. VUKG.L - Yearly Performance Comparison

2026 (YTD)202520242023
DFNG.L
VanEck Defense ETF A USD Acc GBP		1.28%56.54%46.20%-1.18%
VUKG.L
Vanguard FTSE 100 UCITS ETF (GBP) Accumulating		6.61%27.30%13.56%7.28%

Correlation

The correlation between DFNG.L and VUKG.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2023

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Defense ETF A USD Acc GBP

Vanguard FTSE 100 UCITS ETF (GBP) Accumulating

Often compared with DFNG.L:
DFNG.L vs. NATP.LDFNG.L vs. DFNDDFNG.L vs. NATO.LDFNG.L vs. SHLDDFNG.L vs. ARMGDFNG.L vs. EQGB.LDFNG.L vs. PPA
Often compared with VUKG.L:
VUKG.L vs. VUAG.LVUKG.L vs. VUKE.LVUKG.L vs. CUKX.LVUKG.L vs. VMIG.LVUKG.L vs. VUSA.LVUKG.L vs. S100.LVUKG.L vs. HUKX.L

Return for Risk

DFNG.L vs. VUKG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFNG.L
DFNG.L Risk / Return Rank: 2020
Overall Rank
DFNG.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
DFNG.L Sortino Ratio Rank: 2121
Sortino Ratio Rank
DFNG.L Omega Ratio Rank: 2020
Omega Ratio Rank
DFNG.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
DFNG.L Martin Ratio Rank: 1919
Martin Ratio Rank
VUKG.L
VUKG.L Risk / Return Rank: 6363
Overall Rank
VUKG.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VUKG.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
VUKG.L Omega Ratio Rank: 7171
Omega Ratio Rank
VUKG.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
VUKG.L Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFNG.L vs. VUKG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Defense ETF A USD Acc GBP (DFNG.L) and Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DFNG.LVUKG.LDifference
Sharpe ratioReturn per unit of total volatility
0.59
1.93

-1.33

Sortino ratioReturn per unit of downside risk
1.01
2.71

-1.70

Omega ratioGain probability vs. loss probability

1.12

1.36

-0.25

Calmar ratioReturn relative to maximum drawdown

0.74

2.41

-1.67

Martin ratioReturn relative to average drawdown

1.83

7.72

-5.90

DFNG.L vs. VUKG.L - Sharpe Ratio Comparison

The current DFNG.L Sharpe Ratio is 0.59, which is lower than the VUKG.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of DFNG.L and VUKG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

DFNG.L vs. VUKG.L - Drawdown Comparison

The maximum DFNG.L drawdown since its inception was -22.59%, smaller than the maximum VUKG.L drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for DFNG.L and VUKG.L.

Loading charts...

Drawdown Indicators

DFNG.LVUKG.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.59%

-34.32%

+11.73%

Max Drawdown (1Y)

Largest decline over 1 year

-19.68%

-8.74%

-10.94%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-12.23%

-7.45%

Max Drawdown (5Y)

Largest decline over 5 years

—

-12.23%

—

Current Drawdown

Current decline from peak

-17.26%

-3.21%

-14.05%

Average Drawdown

Average peak-to-trough decline

-4.98%

-3.97%

-1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.94%

2.73%

+5.21%

Volatility

DFNG.L vs. VUKG.L - Volatility Comparison

VanEck Defense ETF A USD Acc GBP (DFNG.L) has a higher volatility of 8.19% compared to Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) at 3.52%. This indicates that DFNG.L's price experiences larger fluctuations and is considered to be riskier than VUKG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DFNG.LVUKG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.19%

3.52%

+4.67%

Volatility (6M)

Calculated over the trailing 6-month period

19.02%

9.56%

+9.46%

Volatility (1Y)

Calculated over the trailing 1-year period

24.56%

10.93%

+13.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.38%

12.88%

+10.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.38%

16.22%

+7.16%

DFNG.L vs. VUKG.L - Expense Ratio Comparison

DFNG.L has a 0.55% expense ratio, which is higher than VUKG.L's 0.09% expense ratio.

Dividends

DFNG.L vs. VUKG.L - Dividend Comparison

Neither DFNG.L nor VUKG.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
DFNG.L
VanEck Defense ETF A USD Acc GBP		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VUKG.L
Vanguard FTSE 100 UCITS ETF (GBP) Accumulating		0.00%0.79%3.67%3.71%3.84%3.84%3.06%1.92%

Frequently Asked Questions

DFNG.L and VUKG.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUKG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUKG.L is cheaper with a 0.09% expense ratio, compared with 0.55% for DFNG.L.

DFNG.L is categorized as Aerospace & Defense, while VUKG.L is Europe Equities. DFNG.L tracks MarketVector Global Defense Industry index, while VUKG.L tracks FTSE AllSh TR GBP. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for DFNG.L and 0.09% for VUKG.L.

Portfolio Optimizer

Find the right allocation for DFNG.L and VUKG.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer